India Energy Mart : India Energy Mart 2010 Energy Security
India faces a number of challenges in meeting its rapidly growing energy requirements to fuel economic development. Sustaining economic development is not only essential for overall growth, poverty alleviation and improved infrastructure for better standard of living, but also for social harmony, citizen safety and national security.Hence the importance of Energy Security is unparalleled.
Each year, IPPAI, through the India Energy Mart, identifies key policy and regulatory issues that affect India's Energy Security, and provides a neutral platform for these issues to be addressed by policymakers, regulators, industry leaders and experts, in the context of various national and global developments and their impact on India's energy economy.
The often discussed depletion of fossil fuels coupled with the environmental concerns of their emissions have led experts to push for the aggressive adoption of renewable sources of energy along with demand side management (DSM). Though DSM, energy efficiency and mass deployment of renewable sources of energy is a must, and escalating carbon emissions are a primary global concern, the fact that about 500 million Indians do not have formal access to electricity needs to be kept in mind. Therefore it is imperative to strike a balance between tapping into clean energy options and technologies to reduce emissions on the one hand, and ensuring availability of energy to all on the other.
We have finally reached a point where alternative energy sources that offer a low carbon growth and can meet our energy requirements, are within our grasp, such as the Nuclear and Gas energy options. Rapid development of these energy sources may be the key to ensuring energy security for India.
The focus on the first day of IEM 2010 is on Nuclear Power and Gas, two energy sources which may meet the requirements of striking the balance between clean energy and energy availability. The second day of the conference will look at the development of a new market for Energy Efficiency Certificates in India by the implementation of the PAT Scheme and Renewable Energy Certificates and also the successful implementation of renewable energy programmes like the National Solar Mission in India.
Nuclear, Gas and Renewable Energy are three of the most relevant as well as viable options available to us and will achieve great significance in the energy sector in the days to come. Through the discussions at IEM, we hope to spread awareness on these options and help stakeholders in the power and energy sector to understand the evolving scenario and secure a sustainable energy future for India.
